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Investor interest in French vineyards gathering pace

Investor interest in French vineyards gathering pace

28 August 2015 by Andrew McClenaghan

Figures from the Rightmove Overseas Search Report 2015 showed that France is now the second most popular overseas property destination for UK buyers after Spain, with winemaking regions Languedoc-Roussillon and Provence two of the most popular areas.

Commenting on the trend, CEO of BeckettHanlon Drew Beckett said: “Owning a vineyard is the ultimate dream for many people, and in the past 12 months demand for French properties, particularly in the winemaking regions, has grown considerably.

“Whilst the traditional wine-producing regions of Champagne, Bordeaux and Burgundy remain popular, international investors are looking towards properties in Provence and Languedoc-Roussillon as two more affordable options.”

Mr Beckett explained that buyers who are keen to get into winemaking but without the effort are purchasing rows of vines within established vineyards. “This has the distinct advantage in that you can buy the vines wherever you want, they don’t necessarily have to be beside your property. You are still rewarded with wine, but without necessarily having to put in the same long hours!”

Mr Beckett said that in recent months, he’s noticed a rise in the number of enquiries about French properties from buyers in Northern Ireland. “We attribute this to the fact that asking prices for French properties have fallen considerably in the last few years and that exchange rates are extremely favourable at present.

“However, whilst it can be easy to get swept up in the romance of owning your own vineyard, it is important to do your homework and ensure it’s the right option for you and your family. As Max Skinner found out in the movie ‘A Good Year’, owning a vineyard can be incredibly hard work!

“As members of the Association of International Property Professionals (AIPP), we aim to ensure that all our clients buy the right property to suit their needs and crucially, that they always buy safely.

“Owning a vineyard is demanding and I would urge anyone that is considering it to seek the correct professional advice and always use an independent lawyer.”

For more information on buying safely abroad, please visit http://becketthanlon.com

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